[0] PANEL I OF A HEARING OF THE JOINT ECONOMIC COMMITTE SUBJECT: "THE FEDERAL STATISTICAL SYSTEM IN THE 21ST CENTURY: THE ROLE OF THE CENSUS BUREAU" CHAIRED BY: REPRESENTATIVE CAROLYN MALONEY (D-NY) WITNESSES: WILLIAM EDDY, JOHN C. WARNER PROFESSOR OF STATISTICS, CARNEGIE MELLON UNIVERSITY, CHAIR, COMMITTEE ON NATIONAL STATISTICS; ANDREW REAMER, FELLOW, METROPOLITAN POLICY PROGRAM, THE BROOKINGS... (Part 2).
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Article Excerpt
PANEL I OF A HEARING OF THE JOINT ECONOMIC COMMITTE SUBJECT: "THE FEDERAL STATISTICAL SYSTEM IN THE 21ST CENTURY: THE ROLE OF THE CENSUS BUREAU" CHAIRED BY: REPRESENTATIVE CAROLYN MALONEY (D-NY) WITNESSES: WILLIAM EDDY, JOHN C. WARNER PROFESSOR OF STATISTICS, CARNEGIE MELLON UNIVERSITY, CHAIR, COMMITTEE ON NATIONAL STATISTICS; ANDREW REAMER, FELLOW, METROPOLITAN POLICY PROGRAM, THE BROOKINGS INSTITUTION LOCATION: 2203 RAYBURN HOUSE OFFICE BUILDING, WASHINGTON, D.C. TIME: 3:00 P.M. EDT DATE: TUESDAY, JULY 21, 2009(Part 2)
I believe its offerings need to reflect more fully three new realities: First, major changes in the nation's economic structure; second, the potential for the Census Bureau to provide data to enable more informed, effective public and private decision-making across the nation; and third, opportunities for new data products afforded by advances in information technology.
Regarding the changing economic structure, while the Census Bureau has long-standing frequent data collections on manufacturing, it does not yet have the same data collection effort for the service industries that now dominate the nation's economy. Until fiscal year 2009, the Census Bureau sought but was unable to obtain the $8 million needed to regularly survey the finance, insurance and real estate industries. The lack of these data has meant that the gross domestic product estimates are not as accurate as they...
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